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Jan 02, 2019
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Middleby (MIDD, $101.27) Acquires EVO to Provide Ventless Cooking Solutions

Middleby (MIDD, $101.27) Acquires EVO to Provide Ventless Cooking Solutions

Middleby Corporation, a global leader in the foodservice equipment industry, declared on Monday the acquisition of EVO America Inc. – another global leader in the same industry specializing in design and ventless cooking equipment, which generates approximately $8 million in revenues annually.

The chairman and the CEO of Middleby Corporation explained that this latest acquisition will help add to the diversity of the company’s portfolio of ventless cooking solutions. This acquisition is timely because operators are increasingly becoming aware of the significant costs attached to installation of traditional ventilation.

Customers are also recognizing the restrictions imposed by externally vented hoods and duct work as they acquire new and more kitchen equipment with time.

The vision behind this acquisition is that EVO’s patented ventless technology can be integrated with quality designs that will empower Middleby’s customers with cooking versatility and flexibility, along with helping the company in expanding its geographical footprint.

Related Ticker: MIDD

MIDD in upward trend: 10-day moving average moved above 50-day moving average on October 26, 2026

The 10-day moving average for MIDD crossed bullishly above the 50-day moving average on October 26, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 15 of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 79%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 13, 2026. You may want to consider a long position or call options on MIDD as a result. In 55 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 62%.

The Moving Average Convergence Divergence (MACD) for MIDD just turned positive on October 06, 2026. Looking at past instances where MIDD's MACD turned positive, the stock continued to rise in 38 of 53 cases over the following month. The odds of a continued upward trend are 72%.

MIDD moved above its 50-day moving average on October 20, 2026 date and that indicates a change from a downward trend to an upward trend.

Following a +5.00% 3-day Advance, the price is estimated to grow further. Considering data from situations where MIDD advanced for three days, in 189 of 313 cases, the price rose further within the following month. The odds of a continued upward trend are 60%.

The Aroon Indicator entered an Uptrend today. In 112 of 194 cases where MIDD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 58%.

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MIDD declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 70%.

MIDD broke above its upper Bollinger Band on November 02, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is 45 (best 1 - 100 worst), indicating steady price growth. MIDD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of 48 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.527) is normal, around the industry mean (4.069). P/E Ratio (-13.704) is within average values for comparable stocks, (37.908). Projected Growth (PEG Ratio) (2.240) is also within normal values, averaging (1.879). Dividend Yield (0.002) settles around the average of (0.031) among similar stocks. P/S Ratio (1.603) is also within normal values, averaging (186.943).

The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is 94 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is 98 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MIDD’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock worse than average.

Notable companies

The most notable companies in this group are Illinois Tool Works (NYSE:ITW), Ingersoll Rand (NYSE:IR), Generac Holdings (NYSE:GNRC).

Industry description

The industry makes and maintains machines for consumers, the industry, and most other companies. While it has traditionally been categorized as heavy industry, some smaller companies are also branching into the light category. The industry is pivotal in providing the equipment for production in businesses like agriculture, mining, industry and construction, gas, electricity and water utilities. It also supplies supporting equipment for almost all sectors of the economy, such as equipment for heating, and air conditioning of buildings. Illinois Tool Works Inc., Parker-Hannifin Corporation and Rockwell Automation Inc are some of the major U.S. companies operating in this industry.

Market Cap

The average market capitalization across the Industrial Machinery Industry is 14.9B. The market cap for tickers in the group ranges from 3.71K to 242.5B. SIEGY holds the highest valuation in this group at 242.5B. The lowest valued company is SPEC at 3.71K.

High and low price notable news

The average weekly price growth across all stocks in the Industrial Machinery Industry was 2%. For the same Industry, the average monthly price growth was -12%, and the average quarterly price growth was -19%. INLF experienced the highest price growth at 61%, while HUHU experienced the biggest fall at -65%.

Volume

The average weekly volume growth across all stocks in the Industrial Machinery Industry was 107%. For the same stocks of the Industry, the average monthly volume growth was 264% and the average quarterly volume growth was 118%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 49
Price Growth Rating: 63
SMR Rating: 70
Profit Risk Rating: 73
Seasonality Score: -2 (-100 ... +100)
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MIDD
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published General Information

General Information

a manufacturer of commercial food service equipment

Industry IndustrialMachinery

Industry
Industrial Machinery
Address
1400 Toastmaster Drive
Phone
+1 847 741-3300
Employees
8826
Web
https://www.middleby.com
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